RSS RSS Twitter Twitter
Leftlane - news, reviews, and info for the auto-industry
 
 

GM considering expanding SAIC ties into India

10/16/2009, 9:27 AM

By Drew Johnson

With more established auto markets not showing any signs of sales growth, most of the world’s automakers are focusing their efforts developing regions. General Motors already has a strong presence in China – thanks to a tie-up with China’s SAIC Motor Corp. – and is now said to be taking aim at the Indian market.

General Motors has reportedly begun talks with SAIC to expand their operations into India. The move would see SAIC investing in General Motors India, according to India’s Economic Times.

“GM’s discussions with SAIC include business opportunities in India, but no final decision has been made on how they will cooperate,” an inside source revealed.

The move seems like a logical step for both GM and SAIC. The two automakers currently produce Cadillac, Chevrolet, Buick and Wuling vehicles in China and have been quite successful – particularly this year. SAIC’s sales have jumped 47 percent this year with GM tallying a 55 percent improvement. Moreover, most analysts expect India to knock off China as the world’s largest auto market in the coming years.

New car price quote

Zero obligation price quote from a trusted local dealer.
 
 

10/16, 9:46 AM

posted by:

Smegley Wanxalot

Best car ever made in India >>>>> http://www.youtube.com/watch?v=50A9wjJ40Dk

10/16, 10:12 AM

posted by:

A4

“Cadillac, Chevrolet, Buick, and Wuling”
One of these things is not like the other things, one of these things, just doesn’t belong.

10/16, 10:12 AM

posted by:

RaineMan

Funny… GM has all this money to develop foreign markets, but has to use taxpayer dollars to stay afloat here at home. How about they use some of that money to pay back what they owe.

10/16, 10:16 AM

posted by:

ICEMAN

STFU already GAY4. Your mouth is getting to be as big as you asshole.

10/16, 10:26 AM

posted by:

leftwingagenda

or how about they use the money they have to become the most streamlined profitable company possible, and then after re-issuing stock, the government divests its shares and pays itself back…end of story…

10/16, 10:35 AM

posted by:

johnnycanuck

“What’choo talkin’ ‘ bout, Willis? …

10/16, 10:36 AM

posted by:

DB9

RaineMan
Funny… GM has all this money to develop foreign markets, but has to use taxpayer dollars to stay afloat here at home. How about they use some of that money to pay back what they owe.

____________________________

Read this very slowly and closely – okay. Most of the $50B+ given to GM was converted to equity in the company; a smaller amount given prior to Chpt 11, less than $10B, is deemed non recoverable. The only way for Treasury to get the money given to GM back is to float the company‘s equity through stock sales, essentially taking a private government held company public. So if GM is not successful in its global/domestic business its equity will be impaired and the treasury will not be able to get the people’s money back through public offerings. If GM fails, the equity is wiped out as what happened to previous shareholders. I repeat, there is no money to pay back – the Government owns (60% US,~10 Canada) the company.

DB9;-)

10/16, 10:37 AM

posted by:

Smegley Wanxalot

LWA, as I said before – the govt wont “pay itself back” because the market value of GM will have to be twice that of Toyota to do so. Then again, the way our jackäss overlords in DC are printing money from thin air to pay for your leftwing agenda that will fail, the dollar will collapse even more, drive up inflation, and maybe nominally with the monopoly money your fools are sticking us with they will show a profit, but by that time a head of lettuce will cost $15 and a jar of peanut butter $40, and you won’t be getting a raise to cover it. But then again, misery is your leftwingagenda, isn’t it.

Oh yes, and before you whine about this being a political post, every time you post with your politcal handle you skew it that way. You cant have it both ways, but then again, leftists cant take that.

10/16, 10:51 AM

posted by:

A4

Yeah GAY4! Shut up!

10/16, 11:10 AM

posted by:

85ZingoGTR

Who’s Wulling? Never heard of them before. The only chinese companies I know is Geely, they were about to enter the US market. Wonder what happened with that, Dongfeng, Sherry, and thats about it.

10/16, 11:14 AM

posted by:

johnnycanuck

85Zingo… not sure either… but I hope he catches that cwazy wabbit soon.

10/16, 12:15 PM

posted by:

Ashes to Ashes_Dust to Dust

This makes sense as India, like GM, has no regard for quality control either.

10/16, 12:25 PM

posted by:

andy

lol DB9, its funny how so many people cant grasp that

10/16, 1:06 PM

posted by:

superman

this makes perfect sense…gm can sell their stockpiles of subpar crap to india, where they wouldnt care how low quality it is as long as its affordable

10/16, 1:08 PM

posted by:

Borat

GM has np choice but to search for any small car manufacturer. As LLN failed to point, GM already loosing control of Daewoo. Daewoo own way to much money to Korean bank group and GM is forbidden to develop foreign entities with US bailout money by law. Korean banks either will place more directors on the board or simply will eject GM out of the picture completely: GM has no ace (cash) up its sleeve. GM does not have Opel, for all intensive purposes and they have no expertise in small car development and mass production. And we are heading into downsizing market, not “the bigger the better” market. As poor choices as SAIC and Wullong are there are no others. In India, the second fastest growth market, larger cars will not do. GM needs to build something of Nano size and quality (or lack of it). The first time buyers in China are probably can’t afford $25-$30K Buicks either, they need $4-7K car. And GM needs some entity to build small cheap cars for US market. Looking at number of Civics vs. Cobalts on the road, the need is obvious.

10/16, 2:56 PM

posted by:

leftwingagenda

i’m not taking crap over my name by a guy named “wanxalot”, k? ;) if it wasn’t your previous DC overlords that said **** you to any kind of economic regulation, you wouldn’t need “my” DC overlords to print money to get out of this effing mess…perhaps this is news to you, but the wave of deregulation that started in the 80s and continued with phil gramm et al. killing glass-steagall has resulted in a failure of global proportions…

let me make this clear…the republican lead repealing of regulation has been a primary factor in the cluster**** we face today…feel free to blame the guy that has to come in and fix the awful mess that your party started, but them’s the facts…

the only thing i’m going to “whine” about with regards to your post is that your head is so far up your ass you can’t even make a comment based on fact…realize that every single thing you wrote in your comment was opinion with no factual basis whatsoever…i, on the other hand, have facts…

go google “repeal of glass-steagall” and read for a while, you may learn something about the galactic **** up that your party made that my party now has to clean up…ta ta…

10/16, 3:09 PM

posted by:

DenverGuy217

And in this corner, weighing 195 lbs we have……………………….

10/16, 8:46 PM

posted by:

Smegley Wanxalot

Well with LWA’s ill-advised comment about about how he has “the facts” we now know that, if LWA is not in fact Impulsive in disguise, LWA is a big a stupid shìt as Impulsive.

But just for fun, LWA, since you said my post contained 100% opinions, then you must not have fact, science boy. Why is that? Because I said the jackäss DC overlords are printing money out the butt and you said the same thing. Thus if my post contains opinions, you ust not have the facts. Then again, your dumb butt believes in global warming.

Also a fact – the New GM would have to be near double Toyota before the Feds could make any money on theft corporate theft. The inflation aspect WILL happen unless we are the very first in history to flood the market with printed currency and not inflate. SO basically, I’m all fact and you’re all whack, jack.

And by the way, “google blah blah blah?” There are sites dedicated to every conceptual thing in the world that some psycho fükk like you obsesses about, and I’m not going to read every one because there are those that dismiss whatever bug is up your stupid söcìälìst äss. I’m the one here who beleives in individual freedom and choice – you are the one who thinks everyone needs to bow down to your crappy desires for their lives, which is why you suck on POSident Barky Obolshevik’s member every chance you get. I blame and despise them all … Ds and Rs. You’re the partisan daiper stain here.

If you are in science, it must be some field that depends on govt handouts because it’s effectively useless to the real world.

10/17, 3:26 PM

posted by:

Genesis101

i actually thought A4’s second comment corresponding to icemans was kinda funny

 
 
You need to log in with your user name and password before you can leave comments.

    

Forgot your Password?


Don't have a user name yet? Simply fill in the form below and click the link provided in the
confirmation email. You must supply a valid email address to complete the registration process.

  
 
 
 
 
  • Login
  • About
  • Contact
Please note that you need to log in with your user name and password before you can leave comments.
  

login
cancel
Forgot your Password?
Don't have a user name yet? Click here to register now.

Simply fill in the form below and click the link provided in the confirmation email. You must supply a valid email address to complete the registration process.

  
submit
cancel
Leftlane is the leading source for automotive industry and vehicle news, new car research, future vehicle information, and reviews. Read by car shoppers, driving enthusiasts, autoworkers, executives, and investors, the website is updated throughout the day with the very latest auto news - as it happens.

Leftlane also provides consumers with accurate and media-rich information on every car currently on the market. In-market shoppers can review specs, read overviews, view high-resolution images, watch videos, and estimate pricing. No other automotive publication brings together the same degree of timeliness, thoroughness and accuracy as Leftlane.
 
submit
cancel